New Delhi: Finnish telecommunications equipment maker Nokia today
appointed India-born Rajeev Suri as its President and CEO.
Earlier, the 46-year old was leading Nokia Solutions and Networks,
the smaller network equipment unit of Nokia before the company sold its handset
business to software giant Microsoft in a USD 7.2 billion deal.He replaces
Stephen Elop, who has returned to Microsoft as the executive vice president of
its devices group.Besides, Risto Siilasmaa, who was serving as an interim CEO,
will return to focussing exclusively on his role as Chairman of Nokia's Board
of Directors from May 1.
"As Nokia opens this new chapter, the Nokia Board and I are
confident that Rajeev is the right person to lead the company forward. He has a
proven ability to create strategic clarity, drive innovation and growth, ensure
disciplined execution, and deliver results," Nokia Board of Directors
Chairman Risto Siilasmaa said."Nokia, with its deep experience in
connecting people and its three strong businesses, is well-positioned to tap
new opportunities during this time of technological change. I look forward to
working with the entire Nokia team as we embark on this exciting journey,"
Suri said.
Like the newly appointed Microsoft CEO Satya Nadella, Suri is also
a Mangalore University graduate. He joins the elite club of Indians heading
global firms, which includes PepsiCo Chairman Indra Nooyi, Reckitt Benckiser
Chief Executive Rakesh Kapoor, President and Chief Executive of MasterCard Ajay
Banga and Anshu Jain of Deutsche Bank.Suri, who has headed NSN since October
2009, has been credited for "presiding over consistently improving results
leading to the successful turnaround and restructuring of the company."According
to his official profile, Suri has a Bachelor of Engineering degree in
Electronics and Telecommunications from Mangalore University. He is based in
Espoo, Finland.
With more than 23 years of international experience, Suri has
worked in strategy and mergers & acquisitions, product marketing, sales,
major account leadership, regional and business unit leadership and has lived
in the Middle East, Asia, Africa and Europe.
Suri joined Nokia in 1995 and headed the Asia Pacific region for
NSN in 2007.In July last year, Nokia agreed to buy German engineering giant
Siemens' 50 per cent stake in their mobile broadband joint venture NSN for 1.7
billion euros (USD 2.2 billion) after which the firm was renamed Nokia
Solutions and Networks.Nokia's other businesses -- HERE (location services) and
Technologies will be headed by Michael Halbherr (CEO of HERE) and Henry Tirri
(Executive Vice President and acting Head of Technologies).
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